Fri.Apr 21, 2023

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Mortgage Rates Begin to Decline: Good News for Homebuyers in 2023

Realty Biz

Good news on the home-buying front: after months of mortgage rates trending upward , fueled by rising inflation and the US Federal Reserve’s hiking base rates to combat that inflation, signs have begun to emerge that the average home lending rate in the United States has begun to decline instead. Let’s take a closer look at just what’s at play in the world of mortgage rates and what they might have in store for us going forward deeper into 2023.

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Mortgage industry takes another stand against the FHFA’s DTI fee

Housing Wire

It’s been delayed, but that’s not enough for the mortgage industry. In a blog post published Thursday, Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit made the case that the Federal Housing Finance Agency ‘s (FHFA) loan level price adjustments (LLPA) related to a mortgage borrower’s debt-to-income (DTI) ratio is unworkable and should be scrapped entirely.

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How one agent on Instagram created a $100M sales team

Real Estate News

With an Instagram following of 50,000 and nearly 60 sales so far this year, the Upstate Curious team is taking over the Hudson Valley.

Sales 264
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A bull year is ahead for MSR trading

Housing Wire

The trading volume of mortgage-rights servicing (MSRs) so far this year is on pace to meet or exceed last year’s robust mark , when MSRs on some $1 trillion worth of home loans exchanged hands — then fueled by the spike in interest rates, industry players say. As of late April 2023, mortgage interest rates, though still volatile, have been on a downward trajectory since the start of the year.

Loans 78
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Why You May Want an Energy-Efficient Home [INFOGRAPHIC]

Keeping Current Matters

Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. Energy prices have increased over the last year, so look for energy-efficient features in your home search.

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Homebuying is tough in the U.S. — Canada can relate

Real Estate News

Our neighbors to the north are also grappling with high prices and low inventory, but "sanity is slowly returning to the housing market.

Marketing 256

More Trending

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Brokerage Beat: News from Sotheby's Realty, KWW, ERA, more

Real Estate News

Sotheby's Realty adds Podium Group; E&V opens in southern Colorado; KWW goes to India; ERA and BHGRE add affiliates; John R. Wood boasts top sales volume.

Brokerage 254
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5 AI-driven social media strategies real estate agents are missing

Inman

There are only a few generational technologies that come along with the potential to revolutionize the efficiencies in our businesses. ChatGPT is one of these.

Agents 167
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How Does a Reverse Mortgage Work?

RIS Media

Homeowners aged 62 or older can use their home equity to receive a lump sum, a line of credit, or income through a reverse mortgage. While this might seem like a great way to enjoy your senior years or cover unexpected bills, there are risks involved with this type of loan. Considering this type of… The post How Does a Reverse Mortgage Work? appeared first on RISMedia.

Mortgages 137
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Millennials hit big homeownership milestone as Gen Z outpaces Gen X

Inman

Millennials passed a significant milestone in 2022, with census data showing that 51.5 percent of millennials now own homes.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Luxury Real Estate Headlines: Third week in April, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Potomac, Maryland | TTR Sotheby’s International Realty Located in the affluent neighborhood of Round Hill in Potomac, Maryland, this expansive home has space for everything—even an airplane. Five Homes With Grand Gardens – Mansion Global Wall Street Journal tycoon’s estate lists for $18 million – Architectural Digest Connecticut Horse Farm Sells After Nearly a Decade On and Off the M

Sales 136
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More tech vendors approved to support appraisal-free mortgages

Inman

Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support the new value acceptance + property data valuation process.

Mortgages 167
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Market in Focus: Florida Has Highest Population Growth Rate In U.S.

Eye on Housing

In 2022, Florida had the highest population growth rate of any state at 1.9% and the second largest nominal growth in population at 416,754. Florida’s population was at 22,244,823 as of July 1st, 2022, the third largest state population in the U.S. The population of Florida has not experienced a decline since 1946. Because of continual high population growth, the.

Marketing 124
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Too busy to show homes? Maybe Showami can help: Tech Review

Inman

Showami is software that facilitates the broadcast, acceptance and payment of showing needs between licensed agents, offering teams and brokerages a quick way to create a showing delegation system.

Brokerage 167
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Sell or Stay and Remodel? Survey Says More Homeowners Doing the Latter

RIS Media

As the 2023 residential real estate market meanders along, with a lack of inventory being the single biggest issue for REALTORS®, there aren’t any silver linings, but there may perhaps be a copper lining, or a pewter one. A new survey shows that while people are staying put in their homes, they are doing more… The post Sell or Stay and Remodel?

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Nearly 1 in 7 homes sold in March went for less than investors paid

Inman

Investor profits are falling, and the number of investors losing money reached the highest point since 2016, according to a new report from Redfin.

Investor 167
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Rent Prices In These 10 Markets Are Falling The Quickest

Bigger Pockets

Austin, Texas, continues to lose ground in the rental market, while Raleigh, North Carolina surges. Where should you invest next?

Marketing 105
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Keller Williams Black Label sues SERHANT. over Philly expansion

Inman

Weeks after announcing a national expansion, Serhant and his partners are facing a $10 million lawsuit and allegations of concocting a scheme to "loot" a Pennsylvania brokerage in an effort to expand.

Brokerage 158
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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7 Things You Should Know about Home Inspections When Buying a House

Lighter Side of Real Estate

Unless you’re a real estate agent, you’ll probably only attend a home inspection a handful of times in your life, so you might be taken by surprise by a few things! While your inspector and agent will most likely explain any of these things to you, knowing about them in advance can help you avoid some panic or potential embarrassment. Check out these 7 terms and insights that’ll have you looking and feeling like an old pro the next time you’re having a house inspected: 1.

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Compass CEO: Buyers will deal with higher rates. Sellers? Not so much

Inman

During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust.

Mortgages 158
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The Power Broker Interview: Thad Wong

RIS Media

Editor’s Note: RISMedia recently released a special advanced look at the Top 100 firms ranked in RISMedia’s 35th Annual Power Broker Report, exclusively for RISMedia Premier Members. The Top 500 Power Broker firms was also released in advance to Premier Members, and the Top 1,000 firms was released April 5. Through the paradoxical real estate… The post The Power Broker Interview: Thad Wong appeared first on RISMedia.

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Need a way to differentiate your service? Design

Inman

Whether you have design skills or work with a trusted colleague, decor and renovation services are an exceptionally effective value-added service.

Design 158
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Black Families Left Behind in Housing-Wealth Gains

RIS Media

When this country was founded, very few people could own homes—not due to lack of resources or desire, but because laws disallowed them from doing so. It took hundreds of years and tremendous bloodshed to get to this point, and even now, some practices and regions continue to perpetuate housing inequity. Attempting to parse out… The post Black Families Left Behind in Housing-Wealth Gains appeared first on RISMedia.

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Exploring Lennar’s ‘everything’s-included’ smart home

Inman

Lennar is one homebuilder making the most of the popularity of smart home style and infrastructure with their newly implemented tech plan.

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South Florida Market Makes Big Gains in Q1 2023

RIS Media

South Florida’s luxury residential market recorded significant quarterly gains in the past three months, according to The Keyes Company and Illustrated Properties’ new Luxury Report. The first-quarter metrics hint at an active remainder of 2023. Key findings: Miami-Dade, Broward, Palm Beach counties, the Treasure Coast and Southwest Florida collectively recorded a 19.7% year-over-year decline in… The post South Florida Market Makes Big Gains in Q1 2023 appeared first on RISMedia.

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Compass assembles new division serving military families, veterans

Inman

The brokerage is recruiting agents and regional directors from the military community to help launch the Compass Military Division in July.

Brokerage 158
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Weichert Recognized by Franchise Business Review

RIS Media

Weichert Real Estate Affiliates, Inc. (WREA) announces that it has been recognized by Franchise Business Review on its 2023 lists of “Top Franchises for Women,” “Top Low-Cost Franchises,” and “Top Recession-Proof Franchises.” WREA was one of just 50 franchise brands to earn the honor as a Top Franchise for Women, and was one of 100… The post Weichert Recognized by Franchise Business Review appeared first on RISMedia.

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Layoffs, words, tools: Catch up on Inman’s Top 5 April 14-20, 2023

Inman

Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.

Brokerage 156
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Using Property Data to Enhance the Client Experience

RIS Media

Data technology is driving transformation across every industry when it comes to decision-making, innovation, and customer experience. The real estate industry is not immune to this transformation. Most organizations realize that using data to better understand customer needs and preferences is vital to creating consistently great customer experiences.

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One card isn’t enough: Get more leads with this ‘just sold’ method

Inman

If you're implementing direct mail into your marketing, here's how to make sure it stands out after your next closing.

Closing 122
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.